Lake Butler, Bradford County, Florida Property Taxes
Median Lake Butler, FL effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Florida state median of 1.14%.
Median Lake Butler, FL home value: $99,660
Median annual Lake Butler, FL tax bill: $697, $1,703 lower than the national median property tax bill of $2,400.
How are property taxes in Bradford calculated?
Property taxes in Lake Butler, FL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Lake Butler’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Butler, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lake Butler, Bradford County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$787
$731
Ownwell’s Lake Butler Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Butler with just two data points.
By entering your property's estimated assessed value, our calculator applies Lake Butler’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bradford.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Lake Butler, Bradford County, Florida
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variance occurs because each county annually estimates the budget required to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although there are votes and laws that influence the setting of tax rates and budgets, this is the core of the process.
In Lake Butler, located in Bradford County, Florida, the effective property tax rate is a reflection of this process. Compared to other cities in Florida, Lake Butler's rate is in line with the state's median. When compared nationally, Florida's rates are generally lower, as the national median property tax rate stands at 1.02%. This means that property owners in Lake Butler benefit from a favorable tax environment, potentially leading to lower property tax bills compared to the national median property tax bill of $2,400. Understanding these local and national comparisons can help property owners make informed decisions about property investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lake Butler Tax Rate
0.79%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bradford County Tax Rate
0.94%
Median Effective Florida Tax Rate
1.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lake Butler, Bradford County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32054 | 0.45% | 0.60% | 0.79% | 1.34% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Lake Butler, Bradford County, Florida
When examining property taxes in Lake Butler, Florida, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bradford County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Bradford County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lake Butler.
For example, the median home price in Lake Butler is $99,660, with tax bills ranging significantly across the county. The zip code 32054 has the highest median home price at $99,660.
Property Tax Assessment Values Across Lake Butler, Bradford County, Florida
Source: Ownwell
$86,718
$136,074
$185,430
Median Lake Butler Market Value
$99,660
Median Bradford County Market Value
$96,435
Median Florida Market Value
$276,648
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lake Butler, Bradford County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32054 | $38,319 | $57,792 | $99,660 | $127,678 | $165,383 |
Source: Ownwell
Property Tax Bills Across Lake Butler, Bradford County, Florida
In Lake Butler, property tax bills are determined by assessing the property's value and applying the local tax rate. With a median home price of $99,660, homeowners in Bradford County face a property tax bill that reflects the assessed value of their home. The tax bill can vary significantly, with the 25th percentile at $506 and the 75th percentile reaching $1,158. The highest median tax bill in the area is $697, which is significantly lower than the national median of $2,400. This lower tax burden is beneficial for homeowners but can still be a financial strain for some.
Factors influencing the tax bill include property improvements and changes in the local tax rate. Homeowners can feel the impact of these taxes on their annual expenses. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners reduce their tax bills, ensuring they only pay what is fair. This service can lead to substantial savings, alleviating financial pressure on homeowners.
Median Lake Butler Tax Bill
$697
Median Bradford County Tax Bill
$903
Median Florida Tax Bill
$2,953
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake Butler, Bradford County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32054 | $256 | $506 | $697 | $1,158 | $1,683 |
Source: Ownwell